Fast Retailing (OTCMKTS:FRCOY) Downgraded to Hold Rating by Zacks Research

Fast Retailing (OTCMKTS:FRCOY) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on the company. Sanford C. Bernstein initiated coverage on Fast Retailing in a report on Tuesday, May 26th. They issued an “outperform” rating for the company. Nomura raised Fast Retailing to a “hold” rating in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Fast Retailing Stock Up 0.0%

FRCOY stock opened at $50.56 on Tuesday. The company has a fifty day moving average price of $48.17 and a 200-day moving average price of $42.83. Fast Retailing has a 52-week low of $29.25 and a 52-week high of $53.15.

Fast Retailing Company Profile

Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.

The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.